RIO DE JANEIRO – BRICS leaders meeting in Rio de Janeiro yesterday were expected to decry United States (US) president Donald Trump’s “indiscriminate” trade tariffs. They said they are illegal and risk hurting the global economy. Emerging nations, which represent about half the world’s population and 40% of global economic output, have united over “serious...
The Development Bank of Namibia (DBN) announced its accreditation by the Green Climate Fund (GCF) as a Direct Access Entity (DAE) under the medium-sized project category. This landmark achievement was confirmed during the GCF’s 42nd Board Meeting held in Port Moresby, Papua New Guinea, from 30 June to 3 July 2025. The Green Climate Fund...
Air Connect Namibia has welcomed a twice-weekly non-stop Edelweiss service between Zurich Airport (ZRH) and Windhoek Hosea Kutako International Airport (WDH). The new service commenced on Tuesday, 1 June 2026. The introduction of the Zurich-Windhoek route is a landmark in Namibia’s efforts to strengthen ties with European markets. It also positions the country as an...
Of the more than 100 Non-Banking Financial Institutions (NBFI) that were non-compliant with directives issued by the Namibia Financial Institutions Supervisory Authority (Namfisa), more than 90% are operating in the micro-lending sector. Namfisa was established to supervise and advise the finance minister on matters relating to financial institutions and financial services. In its first quarter...
Gold prices climbed to record levels in 2025 as people and governments turn to the precious metal for safety during uncertain times. According to the Monthly Mining report issued by the Chamber of Mines of Namibia, the average price of gold in May 2025 reached US$3 309 per ounce, marking a 39% increase over the...
Union membership is not just a legacy of Namibia’s past—it is a living force for justice, dignity, and economic empowerment today. As Namibia continues to confront inequality, unemployment, and the pressures of a globalised economy, the role of trade unions remains as vital as ever. It can be argued that the foundations of the Namibian...
Namibia’s real GDP growth for the first quarter of 2025 dipped to 2.7% year-on-year (y/y) from 4.8% in the corresponding quarter of last year. While this is a notable slowdown in growth, it still marks the 16th consecutive quarter of domestic economic growth. Local analysts pointed out that the latest figures, released this week by...
More than 2 700 United States of America and African public and private sector leaders gathered for the 17th US-Africa Business Summit from 22 to 25 June, hosted by the Corporate Council on Africa and the President of Angola. The US State Department this week said more than US$2.5 billion in new deals and commitments between...
Paratus has made an impact in Namibia’s education sector through its ongoing partnership with Eduvision, now in its seventh year. By providing GEO satellite infrastructure and continuous technical support, Paratus has enabled real-time, interactive digital learning for more than 12 000 learners and 471 teachers across the country. The initiative has connected even the most...
SEVILLE – Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air passengers to help poorer nations respond to climate change, the French presidency said. The coalition, which also brings together Somalia, Benin, Sierra Leone and Antigua and Barbuda, said it would work to increase the...